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Investors lose Rs 9.56 lakh cr in stock market plunge

Source: PTI
January 28, 2021 21:12 IST
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Domestic investors' wealth witnessed an erosion of Rs 9,56,597.82 crore as markets recorded their fifth straight session of decline.

IMAGE: Kindly note that this image has been posted for representational purposes only. Photograph: Danish Siddiqui/Reuters.

The 30-share BSE benchmark tanked 535.57 points or 1.13 per cent to close at 46,874.36 on Thursday.

 

It has now lost 2,917.76 points in five days.

Driven by a bearish market sentiment, the market capitalisation of BSE-listed companies tanked Rs 9,56,597.82 crore to Rs 1,88,13,974.75 crore in five trading days.

"Markets traded under pressure for the fifth consecutive session. It opened weak following feeble global cues and further drifted lower as the session progressed. Though it tried to recoup some of its losses in the second half but failed to make any decisive move," Ajit Mishra, VP - Research, Religare Broking Ltd.

In Thursday's trade, among frontline companies, HUL declined the most by 3.65 per cent, followed by Maruti, HDFC Bank, PowerGrid, Kotak Bank and IndusInd Bank.

In contrast, Axis Bank, SBI, ONGC, ICICI Bank and UltraTech Cement were among the gainers, rising up to 6.16 per cent.

BSE realty, IT, FMCG, teck, auto and healthcare indices lost up to 2.07 per cent, while oil and gas, telecom, banks and consumer durables closed in the green.

In the broader market, the BSE midcap and smallcap indices dipped up to 0.46 per cent.

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